Software and product development company Sancode Technologies has received subscriptions for nearly half of its total proposed shares in its initial public offering (IPO). Sancode’s IPO is to be listed on BSE’s SME platform. The public offer can be submitted until April 6th.
Software and product development company Sancode Technologies has received subscriptions for nearly half of its total proposed shares in its initial public offering (IPO). Sancode’s IPO is to be listed on BSE’s SME platform. The public offer can be submitted until April 6th.
According to BSE data, this SME IPO received a total offering of 5,01,000 shares. The company is offering a total size of 10.95 lakh shares as part of the IPO.
According to BSE data, this SME IPO received a total offering of 5,01,000 shares. The company is offering a total size of 10.95 lakh shares as part of the IPO.
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Of the total bids received, private investors (RII) subscribed for 2,19,000 shares and non-institutional investors for up to 2,82,000 shares. However, qualified institutional buyers (QIBs) have shown no reaction to the IPO.
The shares offered as part of the IPO have a nominal value of €10 each
The issue price is fixed €47 per common share. The market lot size is 3000 shares, which is also the minimum bid size.
The IPO started on March 31 and will end on April 6, 2023.
Shreni Shares is the lead manager for the IPO, while Bigshare Services is the registrar of the offering.
Sancode helps its customers bridge the gap between business and technology through faster digital adoption. It offers companies products such as API-based software platforms and solutions for faster digital adoption.
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